India ahead of Japan. Mexico ahead of Canada. And China breathing down US’ neck.

India is now the world’s third largest economy in terms of Purchasing Power Parity [PPP], moving ahead of Japan. This, according to a World Bank Report that is based on the bank’s 2011¬†International Comparison Program (ICP). The same report shows that Mexico’s economy is now ahead of Canada and China is close on USA’s heels.Continue reading “India ahead of Japan. Mexico ahead of Canada. And China breathing down US’ neck.”

BRICS- A Dramatically Different World

BRIC: A term coined by Goldman Sachs in late 2001, today it rolls off the tongue of many, globally. At a time when South Africa has just joined the group [late April 2011], for it to be rechristened as BRICS, these findings from papers published by the Goldman Sachs Global Research Centre in 2003 andContinue reading “BRICS- A Dramatically Different World”